Chapter 603 Sell the Copyright to Me

The original time and space of Victoria's Secret once occupied more than 40% of the market share in the domestic market in the United States, and the annual net profit reached 1 billion US dollars. This is simply a miracle for a traditional rigid-needs industry with low market entry barriers. Huge profits, the cost of the annual Victoria's Secret show costing millions of dollars is not worth mentioning.

Emily was not instantly moved by Eric's pie, she simply calculated and said, "According to what you said, if you want to have a sensational effect, this annual show is estimated to cost 1500 to 2000 yuan. About US$10,000, this is enough money for the company to advertise on TV for a year, and I have just stabilized the company. If I suddenly start such a risky publicity plan, it will definitely arouse strong opposition from other shareholders and management.”

Eric thought for a while and said, "It's okay, ltd will transfer the copyright of the Victoria's Secret annual show to Firefly, and I will bear all the production costs, you only need to assist from the side. If The annual big show did not have the effect I said, and all the losses were borne by Firefly. If it succeeds, ltd needs to pay Firefly's copyright fee if it wants to continue producing this show."

In my memory, the annual audience rating of "Victoria's Secret Annual Show" is about 10 million people. Although it can only be done once a year, the advertising fees earned by this show in the future, the subsequent cable TV broadcast rights income and Peripherals such as the release of videotapes are enough for Firefly to recoup all costs. If you win the copyright now, once the show is successful, then ltd will definitely not give up this annual show that plays a huge role in promoting Victoria's Secret, and the annual copyright fee will allow Firefly to make a fortune.

Emily quickly thought of the key and said, "That is to say, if the show is successful, if ltd wants to continue producing the annual show every year in the future, it will need to spend money to get the consent of Firefly?"

"Of course," Eric nodded, looking at Emily frowning slightly. He smiled and said: "Risk and opportunity always coexist. If ltd is not willing to take risks, then Firefly can't spend a lot of money and get no benefits, right? But you can rest assured. Firefly and ltd are here for me. Speaking of the difference between left and right hands, I definitely won't be a lion."

Emily hesitated for a while, but still did not agree immediately, saying: "I will hold a high-level meeting tomorrow to discuss it and give you the news."

"No problem, I'll be in New York these days. You can reach me anytime."

Emily was about to turn around and leave when she suddenly stopped and asked, "If we choose to fund the production ourselves, what is your specific cooperation plan?"

Eric said: "It can be operated according to the cooperation mode of TV and film, ltd is the investor and producer, Firefly is the agent for the distribution of TV channels and video tape channels, and the two parties agree on an appropriate profit sharing ratio."

...

The lively birthday party continued until ten o'clock in the evening,

Because many people still need to work tomorrow, the guests began to leave one after another.

Eric personally arranged Virginia's brother's family to another manor in East Hampton and returned to the manor by the sea. The guests have all left, and only a few servants are cleaning up the mess outside the villa.

Pushing the door and entering the hall of the villa, Eric saw two identical tall figures walking back and forth to pack the tableware into the kitchen. Virginia was still excitedly sitting on the sofa with little Kevin who was finally willing to open his mouth. Speaking of words that can only be understood between mother and child, Joanna sat quietly next to Virginia with a book in her hand, and Eva on the single sofa was changing the TV channel with the remote control.

After saying hello to the two women, Eric glanced at the busy figures of the twins and asked, "Where are Drew and Xia Xia?"

Joanna raised her head and said, "In Xiaxia's bedroom, Drew said he would put Xiaxia to sleep himself."

"You're quite at ease with Drew," Eric smiled and sat down beside Joanna. She rested her chin on her shoulder, sniffed the woman's faint body fragrance, and glanced at the Russian version of the book: "What book are you reading, you can speak Russian?"

""Anna Karenina"." Joanna also leaned on Eric affectionately and said, "When I was in school, the school had a compulsory Russian class, and it was not difficult to learn. I will."

Eric hummed, but remembered when Joanna was in school. Poland still belongs to the Soviet Union, so it is not surprising to be asked to learn Russian. He still remembers that when he was in elementary school in his previous life, the fat Chinese teacher also knew Russian. It is said that he learned it when he was on good terms with the Soviet Union. However, relatively speaking, the Polish language belongs to the Slavic language family, and Joanna must learn Russian much easier than the Orientals.

Eric sent Eva and the twins to rest, and chatted with the two women intimately for a while. It was eleven o'clock, and he was about to go to rest, only to realize that he had never seen Xiao Nizi: "You first Go upstairs, I'll take a look, girl, don't fall asleep in Xia Xia's room."

The two baby rooms are on the first floor. Eric walked into his daughter's room, only to see Drew leaning on the Hawaiian cot, holding a book in his hand, and immediately stopped when he saw Eric appear. down.

Eric didn't notice Drew's short-lived strangeness for a while. He saw that his daughter seemed to be awake. He walked to the crib and squatted down and was about to coax a few words. Dad's figure appeared, and he immediately reached out to Eric with a yawning cry.

Eric hurriedly picked up his daughter and glared at the little girl who had started sticking out her tongue. Thinking of the situation just now, he reached out and took out the book that Drew seemed to have inadvertently hidden behind him. He glanced at it, and it was Stephen . King's thriller Carrie the Witch.

Curious and funny, he threw the book aside, and Eric reached out and grabbed the little ear of the girl.

"Yeah, it hurts. Joan said that Xia Xia likes to listen to someone read to her before she goes to bed. I just read it, and Xia Xia doesn't necessarily understand it. I only read a few pages."

Eric added a little strength to his hand and smiled: "I was scared to cry by you, but I still don't understand. Did your mother read Carrie the Witch to you when you were a child?"

"Where would anyone read to me? I was taken out by her to make money after only six months of filming commercials. No one celebrated my birthday, no one read fairy tales to me before going to bed, and there was no comfortable single room, woohoo. , I'm a child who no one loves, no one loves, no childhood. Woohoo, I'm so pitiful..."

Although he knew that the girl was pretending 90% of the time, Eric let go of his hand with some pity, and looked at the girl who stopped the fake cry and wrapped around him like a koala in an instant. Eric patted her back helplessly: "Don't read horror novels to Xia Xia in the future, it will scare her."

"Um, uh uh..."

Virginia coaxed her son to sleep, heard the movement here, came over, leaned against the door and looked at Drew who was rubbing against Eric. Somewhat amusedly asked: "What are you doing?"

Xiao Nizi doesn't have any shyness in front of outsiders, she still relies on Eric, Eric can only hand Hawaii to Virginia, smiling: "You coax the little one, I'll coax the big one. of."

"Hehe," Virginia took over Hawaii with a smile, the scary sound was no longer in her ears, it was already late at night, and Hawaii leaned on Virginia and quickly narrowed her eyes.

Eric freed his hands and patted the little girl on his body: "Okay. Let me go, it's time to go to bed."

"You take me to the bedroom."

Eric put his arms around the girl's small body, and said with a smile, "You seem to be a lot heavier, but I can't hold it."

"No, I'm less than 100 pounds now. If you don't believe me, touch it."

Virginia carefully placed Hawaii on the crib, checked the baby monitor, and smiled and said to the two who were tired of being together: "Xia Xia is asleep, don't make trouble here."

Eric was helpless and could only hug the girl. He walked out in a burst of successful laughter.

...

Emily called Eric angrily the next afternoon, first scolded a group of 'short-sighted' idiots on the ltd board, and then said that ltd finally chose the second plan given by Eric, Sold the rights to the annual Victoria's Secret show to Firefly. Eric later heard from Chris that Emily had a lot of arguments with the ltd board about this. ltd was basically snatched from Leslie Wexner and other shareholders by Chris through a hostile takeover. Although Leslie Wexner has left, many shareholders and management who were inclined towards Leslie Wexner are still working in the company at this time. These people are the pillars of ltd's operations, and then we can ensure that it will not cause any problems. Under the premise of turmoil, it was impossible for Emily to kick all these people out.

However, Eric believes that after the Victoria's Secret annual show is released. As the value of the Victoria's Secret brand increases, Emily's position will be completely consolidated, and they will be able to completely control the company.

Now that ltd has made a choice, the cooperation negotiation did not waste too long. After three days, Eric spared a few hours in his busy schedule, and the two sides signed the cooperation agreement. Eric will then take the time to draft the plan. A plan was handed over to the team composed of ltd and Firefly to start the preliminary preparations.

...

On the one hand, after signing the M&A contract, in late April, the two parties finally completed the merger process such as equity replacement, and held the first shareholder meeting of the brand new Firefly Group on April 26.

Although Eric still holds more than 70% of the shares and has the absolute control of Firefly, even after the merger and integration, Firefly still has dozens of large and small shareholders, and the establishment of a board of directors is inevitable.

Eric planned to set up a five-member pocket board of directors, but Buffett, Tom Murphy and the original shareholders insisted on getting at least three board seats. According to the shareholding ratio, Eric had no choice but to make the board of directors. Expanded to the 11-person scale common to large North American companies.

Among them, the original shareholders include Berkshire's Warren Buffett, the current Tom Murphy, and David West, the president of State Street Global, who supported the merger between the two parties. Firefly's side is not only Eric. Except for the chairman of the board of directors, they are basically the top executives of Firefly.

Although everyone unanimously suggested that Eric should hire several independent directors, so as to judge Firefly's decision-making and judgment from the perspective of bystanders, and at the same time provide Firefly with some contacts and information resources, but federal law does not require non-listed companies to hire independent directors Director, Eric did not want the internal operation of Firefly to be exposed to irrelevant people all the time, so he rejected this suggestion.

After the establishment of the board of directors, the next step is the adjustment of management and the streamlining and integration of departments.

Michael Lynn's contract is about to expire. Originally, Firefly only needed to pay a nominal compensation. Michael Lynn could transfer the position of the group to Katzenberg in advance, and only had a director position. But the summer season is coming soon. Katzenberg has been focusing on mergers and acquisitions. The main distribution work of the firefly film in the summer season is all in charge of Michael Lynn and Jeffrey. In the next few months Due to the need to streamline and adjust the department, it is impossible for Katzenberg to turn his energy back to the film business. In order to ensure the safety of the summer film release, Michael Lynn's contract not only cannot be terminated early, but needs to be extended until September, okay. After the two parties have reached a tacit understanding, these matters do not require any wrangling, just a simple contract has been settled.

Here, Tom Murphy and 69 years old, after the completion of this merger, Tom Murphy can retire and enjoy his old age, but in order to avoid the turmoil of the merger in the 1980s, Tom Murphy will continue to serve as TV network. Until the end of next year, fortunately, Eric does not need to have an in-depth understanding to find the next suitable candidate - Robert Iger, after all, Robert Iger's personal ability has been proved in the previous life, Eric Ke personally had a few in-depth discussions with Robert Iger, and obtained the approval of Tom Murphy and others, and this matter was confirmed internally.

In addition, Jeffrey, who celebrated his 60th birthday last year, also plans to retire as the company's president. The old man is grateful for the difficult experience when he and his wife co-produced a movie. After leaving, he plans to work on the small farm in Maryland At the same time, using his annual equity dividends in Firefly Pictures to set up a film fund to help some young directors realize their film dreams, although Eric thinks that Jeffrey will probably lose a lot of money by doing so, but Jeffrey Li obviously had a very light view of money, and Chris also expressed his support for his father's behavior, and Eric didn't say anything more.

The final confirmed adjustment result is that when Tom Murphy and Michael Lynn retire one after another, Katzenberg will serve as the director of Firefly Group, responsible for the overall operation and development of the group, and Robert Iger will serve as the president of Firefly Group and TV network. In charge of TV network affairs, Frank Wells served as the president of Firefly Group and Disney, and was responsible for various affairs of the subsidiary Disney. The three people formed the three giant model of Firefly Group. At the same time, after the departmental adjustment, all departments under Firefly Group were responsible for People will also adjust accordingly.

Although Eric is the chairman of the board of directors, his main energy is still on the film production of Firefly. Unless Katzenberg and others make a decision that is completely contrary to the development trend of the film industry in the next ten years, Eric will Gram does not intend to interfere with the day-to-day operations of the company. (To be continued.)

...

... ()